Quickbooks Learn & Support Online | QBO.Support

company contribution: The company contribution portion of my 401k is being recorded twice as a liability and an expense. How do I fix the liability portion?

Yes, this is Correct: “The company contributions are also going to the same liability account, however, they are also being expensed as employer contributions.”

There is Nothing to Fix. The company share is Company Expense. The employee share was deducted from Gross Wages, which is Company Expense. It reduced takehome.

“How do […]

Resolution for 'company contribution issue: 'The company contribution portion of my 401k is being recorded twice as a liability and an expense. How do I fix the liability portion?' available: Yes.

The company contribution issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the company contribution issue yourself by looking for a resolution described in the article. If it is a complex company contribution issue or you are unable to solve the issue, you may contact us by clicking here or by using other company contribution support options.

For more information about resolving issues related to company contribution in Quickbooks/QBO or to get support for the issue 'The company contribution portion of my 401k is being recorded twice as a liability and an expense. How do I fix the liability portion?', click the link below:

Details

company contribution: Is SEP IRA Company contribution treated shown on W-2 ?

Based on the tax tracking type for the 408(k)(6) SEP IRA Company Contribution, this isn’t included in wages of Boxes 1, 3, 5 and “Retirement Plan” of Box 13 is checked on the form W-2. To view this in QuickBooks, just click Lists > Payroll Item List then double-click on […]

Resolution for 'company contribution issue: 'Is SEP IRA Company contribution treated shown on W-2 ?' available: Yes.

The company contribution issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the company contribution issue yourself by looking for a resolution described in the article. If it is a complex company contribution issue or you are unable to solve the issue, you may contact us by clicking here or by using other company contribution support options.

For more information about resolving issues related to company contribution in Quickbooks/QBO or to get support for the issue 'Is SEP IRA Company contribution treated shown on W-2 ?', click the link below:

Details

company contribution: Solo 401k Company contribution calculation based on Gross wages?

The plan defines what is compensation, the irs leaving it open to interpretation it seems.
https://www.irs.gov/retirement-plans/one-participant-401k-plans

If your plan includes health insurance premiums as wages then possibly your total compensation subject to the 25% would be $114,000 thus you as the company could contribute $28,500 instead of $25000. Your individual […]

Resolution for 'company contribution issue: 'Solo 401k Company contribution calculation based on Gross wages?' available: Yes.

The company contribution issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the company contribution issue yourself by looking for a resolution described in the article. If it is a complex company contribution issue or you are unable to solve the issue, you may contact us by clicking here or by using other company contribution support options.

For more information about resolving issues related to company contribution in Quickbooks/QBO or to get support for the issue 'Solo 401k Company contribution calculation based on Gross wages?', click the link below:

Details

company contribution: Industrial Insurance rate not correct?

The Washington’s Labor and Industries (L&I) tax is paid by both the company and employee, which could account for that difference.

You may refer to this article to check how the company contribution is set up:http://payroll.intuit.com/support/kb/1000232.html

Feel free to reach out if you have any further questions.

Resolution for 'company contribution issue: 'Industrial Insurance rate not correct?' available: Yes.

The company contribution issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the company contribution issue yourself by looking for a resolution described in the article. If it is a complex company contribution issue or you are unable to solve the issue, you may contact us by clicking here or by using other company contribution support options.

For more information about resolving issues related to company contribution in Quickbooks/QBO or to get support for the issue 'Industrial Insurance rate not correct?', click the link below:

Details